Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.54% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 11.56% |
| 4 | Energy | 11.06% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
CNX Resources
CNX
$5.36B
| $127M | 0.13% |
4,530,624
+107,996
| +2% | +$2.82M |
|
152
Herbalife
HLF
$1.3B
| $127M | 0.13% |
3,638,216
-876,074
| -19% | -$27.1M |
|
153
Diageo
DEO
$51.7B
| $127M | 0.13% |
998,499
-34,817
| -3% | -$4.36M |
|
154
Pacira BioSciences
PCRX
$1.03B
| $126M | 0.13% |
2,618,414
+17,040
| +0.7% | +$621K |
|
|
WCRX
155
DELISTED
WARNER CHILCOTT PLC ORD SHS CL A (IRL)
WCRX
| $125M | 0.13% |
5,464,283
+3,648,665
| +201% | +$77.2M |
|
|
PLL
156
DELISTED
PALL CORP
PLL
| $123M | 0.13% |
1,592,528
+11,981
| +0.8% | +$858K |
|
|
CTRX
157
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $121M | 0.13% |
2,635,875
+558,229
| +27% | +$29.5M |
|
158
F5
FFIV
$22.3B
| $121M | 0.13% |
1,408,545
-2,951
| -0.2% | -$251K |
|
159
Phillips 66
PSX
$97.4B
| $120M | 0.13% |
2,074,121
-71,824
| -3% | -$4.16M |
|
|
SWN
160
DELISTED
Southwestern Energy Company
SWN
| $120M | 0.13% |
3,295,232
-98,508
| -3% | -$3.74M |
|
|
PL
161
DELISTED
PROTECTIVE LIFE CORP
PL
| $119M | 0.12% |
2,798,892
-152,653
| -5% | -$6.52M |
|
162
Power Integrations
POWI
$2.88B
| $118M | 0.12% |
4,371,978
-72,604
| -2% | -$1.88M |
|
163
White Mountains Insurance
WTM
$5.1B
| $118M | 0.12% |
208,015
+651
| +0.3% | +$378K |
|
|
ITC
164
DELISTED
ITC HOLDINGS CORP
ITC
| $117M | 0.12% |
3,752,046
+115,896
| +3% | +$3.52M |
|
165
Ulta Beauty
ULTA
$22.1B
| $116M | 0.12% |
974,780
+118,189
| +14% | +$12.3M |
|
166
Incyte
INCY
$25.2B
| $115M | 0.12% |
3,016,773
+1,489,501
| +98% | +$44M |
|
167
Check Point Software Technologies
CHKP
$14.1B
| $114M | 0.12% |
2,022,836
-446,047
| -18% | -$25.1M |
|
|
GNC
168
DELISTED
GNC Holdings, Inc.
GNC
| $112M | 0.12% |
2,051,733
+726,438
| +55% | +$37.1M |
|
169
Voya Financial
VOYA
$9.29B
| $112M | 0.12% |
3,829,777
-705,665
| -16% | -$21.1M |
|
170
Flowserve
FLS
$10.2B
| $111M | 0.12% |
+1,782,244
| New | +$103M |
|
|
AIRM
171
DELISTED
Air Methods Corp
AIRM
| $110M | 0.12% |
2,576,461
-589,793
| -19% | -$22.7M |
|
172
Albemarle
ALB
$16.2B
| $108M | 0.11% |
1,717,853
-339,644
| -17% | -$21.4M |
|
|
PDCE
173
DELISTED
PDC Energy, Inc.
PDCE
| $108M | 0.11% |
1,814,049
+169,159
| +10% | +$9.53M |
|
174
Viavi Solutions
VIAV
$9.02B
| $105M | 0.11% |
12,586,990
-105,622
| -0.8% | -$868K |
|
175
NRG Energy
NRG
$23.4B
| $104M | 0.11% |
3,819,229
-227,535
| -6% | -$6.15M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.56B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,886,544 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.